At a time when the government and regulators are emphasizing inclusion and increase in credit delivery to those without access to formal sources of finance, private sector banks are found to have low credit-deposit ratios in rural areas as compared to public sector counterparts. In a recent interaction at the state-level bankers committee (SLBC) meeting, in which Reserve Bank of India governor D Subbarao was present, bankers brought this to the...

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

Of late, there has been a debate on whether public programmes such as school education, scholarships, health-care delivery and access to microcredit can be targeted at beneficiaries based on religion; some consider this ‘unconstitutional' and argue that it amounts to discrimination. I highlight the constitutional provisions and argue that there is nothing in the Constitution which bars identification of beneficiaries based on religion. Religious identity is listed on a par...

Marked by distrust and, on the government's part an element of coercion as well, the civil society-UPA exercise to jointly draft a Lokpal bill formally ended in failure on Tuesday with the two sides exchanging conflicting drafts. The government is unable to accept civil society's version of an anti-corruption authority with sweeping jurisdiction over the Prime Minister's Office, top judiciary and actions of MPs in Parliament along with merging entities like...

Over 60,000 people of Jharkhand are fast realising the benefits of aadhaar, having already opened bank accounts with the help of their unique numbers issued by the Nandan Nilekani-headed Unique Identification Authority of India. UIDAI started enrolments in the state last September, and already six lakh residents have their numbers with another 16 lakh waiting in the wings, having completed formalities that include recording fingerprints and retina scans. “According to latest figures...